Button Leases 13000 Square Feet At 220 E 23rd St New York From ELK Investors
220 E 23rd St, New York, NY, 10010
Building Size
13,000 SF
Asset Type
Office
Closing
Jul 17, 2017
AI
The property involved in this transaction is situated at 220 E 23rd St, New York, NY, 10010. This lease transaction encompasses a space measuring 13,000 square feet, located within the New York market, emphasizing its suitability for business operations.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 13,000
- Address: 220 E 23rd St, New York, NY, 10010
- Tenant: Button
- Landlord: ELK Investors
- Tenant's Representative: Matthew Geery - Capstone Realty Advisors
- Landlord's Representative: Joseph McLaughlin - Capstone Realty Advisors
The transaction involved key representatives from Capstone Realty Advisors, with Matthew Geery representing the tenant, Button, and Joseph McLaughlin representing the landlord, ELK Investors. Their roles facilitated the successful lease agreement for the property in New York.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93